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Sqweely
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November 04, 2017, 04:37:41 PM
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Im after just starting to mine bitcoin, I've never done it before and wondering what I should get for around £500?
I don't pay for my electricity bill so that will not get deducted from my profits.

What's my best options?
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November 04, 2017, 05:46:15 PM
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Im after just starting to mine bitcoin, I've never done it before and wondering what I should get for around £500?
I don't pay for my electricity bill so that will not get deducted from my profits.

What's my best options?

You may find the many asic miner machines available in the online to purchase it.
I do not think that still you cannot afford for one ASIC antminer s9 bro, that will costs more than 500 euros or USD.
With this fund initially buy 6 graphics cards and make a one rig and mine any altcoins with in some month you will be able to take amount invested. So go with that. There are mining calculators available in online, you will be able to get profit value you can make per day, week and month.



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Sqweely
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November 04, 2017, 06:45:07 PM
 #3

Okay sweet, what profits am I looking at?
ettessuta
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November 04, 2017, 07:52:25 PM
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you will waste your money Because mining  now need Knowledge + team work  
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November 04, 2017, 10:58:57 PM
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GBP 500,- unfortunately won't get you even close to a viable ASIC miner for Bitcoin. Sometimes older hardware is peddled on eBay that could fit into this budget, but those devices are already so obsolete that you can only use them as a doorstop.

[...]

With this fund initially buy 6 graphics cards and make a one rig and mine any altcoins with in some month you will be able to take amount invested. So go with that. There are mining calculators available in online, you will be able to get profit value you can make per day, week and month.

...where the hell can I get 6 graphic cards, that are viable for mining alts, for GBP 500,-? O.o

That's maybe 2-3 GPUs. And not accounting for mainboard, PSU, etc...


While true that alt coin mining is the only close to viable option with this budget, it's still unlikely to make you much of a profit. Unfortunately economoics of scale is key nowadays. Besides cheap electricity, of course.


If you want to take up mining alts as a hobby however, I'd recommend starting in the alt coin mining boards:

https://bitcointalk.org/index.php?board=160.0

There you should find information on what you need to get a GPU mining rig going.

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